Zhi Tong Cai Jing·2025-07-29 23:42Group 1: Stablecoin Regulation in Hong Kong - The Hong Kong Monetary Authority (HKMA) has released guidelines for stablecoin issuers, which will be implemented starting August 1, 2025 [1] - Institutions interested in applying for a license are encouraged to contact the HKMA by August 31, 2025, with applications due by September 30, 2025 [1] - Analysts predict that major tech companies like Ant Group and JD.com may be among the first to receive licenses due to their blockchain expertise and application scenarios [1][1] Group 2: Market Performance and Trends - The Hong Kong Stock Exchange reported an average daily turnover of HKD 240.2 billion in the first half of 2025, a significant increase of 118% year-on-year [5] - The increase in trading volume is attributed to the expansion of the ETF mutual market and the continuous launch of new ETF products [5] - In the first half of 2025, the average occupancy rate of hotels in Macau rose by 5.1 percentage points to 89.1% [6] Group 3: Corporate Developments - Lixin Development is seeking to sell a 50% stake in the China Construction Bank Tower in Hong Kong [8] - Ruihe Smart plans to jointly develop a virtual cryptocurrency trading platform with an independent third-party institution [9] - China Merchants Energy plans to order 10 bulk carriers, with a total contract value of approximately RMB 3.168 billion and RMB 2.112 billion for different shipbuilding contracts [10]